The Effect Of Fund Cash Flow, Fund Size, Expense Ratio And Turnover Ratio On Mutual Fund Performance

Irawati  Junaeni

doi:10.46729/ijstm.v3i3.529

Irawati Junaeni Lecturer at Perbanas Institute Jakarta,Faculty Economic and business, Perbanas Institute Jakarta, Indonesia

DOI: https://doi.org/10.46729/ijstm.v3i3.529

Keywords: Fund cash flow, fund size, expense ratio, turnover ratio, Sharpe ratio.

Abstract

The purpose of this study was to analyze the effect of fund cash flow, fund size, expense ratio and turnover ratio on mutual fund performance. The sample used is thirty stock mutual fund companies. The data used in this study were obtained from the 2015-2017 annual financial statements of equity funds. The sample selection method used in this study was purposive sampling method, the analytical technique used in this study was panel data regression and processed using the Eviews version 9. After several tests were carried out, namely the Chow, Hausman and Lagrange multiplier tests, the best regression model was obtained, namely the random effect model. The results showed that only fund cash flow had a significant positive effect on mutual fund performance, while The other three variables, namely fund size, expense ratio and turnover ratio, showed contradictory results, namely that they had no effect on mutual fund performance.

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